Kentucky sues VGW, Kalshi and Polymarket over alleged illegal gambling
Kentucky Attorney General Russell Coleman said the state filed three lawsuits against VGW, Kalshi and Polymarket over alleged unlicensed gambling. The cases claim Kalshi and Polymarket offer sports-related contracts without state sports betting licences; the Kalshi action also names Coinbase, while the Polymarket case identifies Robinhood and Webull as affiliates.
The lawsuits challenge whether prediction-market sports contracts must comply with Kentucky gambling licensing and consumer-protection rules.